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Ransomware encrypts or steals data to disrupt operations and extort victims, making backups, access controls, and incident response essential.

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Ransomware is malware used to deny access to systems or data, usually by encrypting files and demanding payment for decryption. Many operations also steal sensitive information and threaten to publish it, so an attack can create both an availability crisis and a privacy or disclosure risk. Initial access may involve phishing, stolen credentials, exposed remote services, or exploitation of unpatched vulnerabilities; attackers may then move through the network before deploying the payload.

Defenses should combine vulnerability management, phishing-resistant authentication where practical, endpoint and network monitoring, and backups that are isolated from routine administrator access and regularly tested for recovery. Organizations should also limit privileges and segment critical systems to reduce the blast radius. An incident requires rapid containment, preservation of forensic evidence, restoration from known-good backups, and assessment of notification, legal, and regulatory obligations. Threat intelligence can help identify relevant criminal infrastructure or tactics, but it does not replace sound access control, patching, detection, and recovery practices.

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Ransomware, Quantum Computing, Geopolitics, GenAI and More on the AgendaInfosecurity Europe is set to return June 3 to London. Hot topics at this year's event include everything from quantum computing, geopolitics and artificial intelligence, to supply chain attacks, insider threats and the cybercrime juggernaut that continues to be ransomware.

The threat actors behind the DragonForce ransomware gained access to an unnamed Managed Service Provider's (MSP) SimpleHelp remote monitoring and management (RMM) tool, and then leveraged it to exfiltrate data and drop the locker on multiple endpoints

Bank Info Security 1 year, 1 month ago

RobbinHood Ransomware Hacker Pleads Guilty in US Court

A RobbinHood Attack Against Baltimore Cost City $19 MillionAn Iranian national behind a spate of ransomware attacks against U.S. municipalities including an attack that cost the city of Baltimore $19 million to rectify pleaded guilty in U.S. federal court Tuesday afternoon. Sina Gholinejad, 37, admitted to deploying Robinhood ransomware.

Some Patients Threatened Directly by Hackers; Center to Spend $13.5M on SecurityA Seattle cancer center has agreed to pay $11.5 million to settle a proposed class action lawsuit involving a 2023 double-extortion ransomware attack that affected 2.1 million people, with some patients directly threatened by hackers with swatting attacks if they didn't pay a ransom.

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